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Al Saqr Cooperative Insurance Company announces the appointment of a Vice Chairman of the Board of Directors
| Element List | Explanation |
|---|---|
| Introduction | Al Sagr Cooperative Insurance Company announces that the Board of Directors, by circulation on 19/02/1447H corresponding to 13/08/2025, has resolved to appoint Mr. Rashid Suleiman Al-Rasheed as Vice Chairman of the Board of Directors and Chairman of the Risk Committee (Independent Member), to complete the current Board term, which ends on 22/11/2026. |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Rasheid bin Sulaiman Alrasheed |
| Membership Type | Independent |
| Membership Start Date | 2025-06-26 Corresponding to 1447-01-01 |
| Brief Resume of the Appointed Member | Mr. Rasheed bin Sulaiman Alrasheed holds a Bachelor’s degree in Accounting from King Saud University and has over 20 years of professional experience in the financial and investment sector. He has held several leadership positions, including Chief Financial Officer at BNY Mellon Saudi Arabia and Finance Director for several major banks and investment companies. He currently serves as a Board Member in a number of listed and unlisted companies, and chairs several Audit Committees and specialized committees. He is also a holder of the CME-1 Certification from the Capital Market Authority (CMA). |
| The date of the approval by other official authorities | 11-03-1447 |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2025-08-13 Corresponding to 1447-02-19 |
| Board Approval | Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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